Temperature Sensor Market Size By Product (Contact {Temperature Sensors ICs, Resistive Temperature Detectors, Thermistors, Thermocouples, Bimetallic Temperature Sensors}, Non-Contact {Infrared, Fiber-Optics}), By Output (Analog, Digital {Single-Channel, Multi-Channel}), By Application (Chemical, Oil & Gas, Consumer Electronics, Healthcare, Automotive), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Apr 2020  |  Report ID: GMI3469  |  Authors: Preeti Wadhwani, Shubhangi Yadav

Report Format: PDF   |   Pages: 250   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Temperature Sensor Market size exceeded USD 7 billion in 2019 and is estimated to grow at around 4% CAGR between 2020 and 2026. The market growth is driven by wide adoption of these sensors in industries including automotive, healthcare, and manufacturing due to its quality of accurately measuring the degree and intensity of heat.
 

The industry players are heavily investing in research & development activities on account of rising popularity of healthcare monitoring systems, smart home devices, and smart wearable devices, eventually fueling the market growth.
 

Temperature Sensor Market

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Data centers generate a significant amount of heat that can compromise the reliability and integrity of cloud services. This results in increasing demand for temperature sensors that aid in notifying abnormal duct & rack temperatures and help in monitoring power intrusion & humidity in server rooms and cabinets.
 

The rising deployment of data centers by major IT companies to manage large data sets and cloud service integration in business models add as an advantage to the temperature sensor market. Companies are developing new temperature monitoring systems & sensors to cater the increasing demand, gaining a competitive edge against industry players.
 

One of the factors restraining market growth is low sensitivity towards external environment which negatively impacts the adoption of these sensors for industrial applications. Also, some of these sensor types showcase a limited temperature range, which consequently results in device failure and increases additional costs.
 

Temperature Sensor Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 7 Billion (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 4% 2026 Value Projection: 9 Billion (USD)
Pages: 250 Tables, Charts & Figures: 409
Geographies covered (18): U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, South Korea, Australia, Taiwan, Brazil, Mexico, GCC, and South Africa
Segments covered: Product, Output, Application, and Region
Companies covered (27): ABLIC Inc, Amphenol Advanced Sensors, ams AG, Analog Devices, Inc, Dwyer Instruments, Inc, Emerson Electric Co, Hans Turck GmbH & Co. KG, Honeywell International Inc, ifm electronic gmbh, Kongsberg Maritime, Littelfuse, Inc, Maxim Integrated, Microchip Technology Inc, Murata Manufacturing Co., Ltd, NXP Semiconductors, OMEGA Engineering, On Semiconductor, Pyromation, ROHM CO., LTD, Sensata Technologies, Inc, Sensirion AG Switzerland, Siemens, STMicroelectronics, TE Connectivity, Texas Instruments Incorporated, TOREX SEMICONDUCTOR LTD, Vishay
Growth Drivers:
  • Rising adoption in advance and portable healthcare equipment
  • Increasing home and building automation systems in developing nations
  • Rapid use of temperature sensor in industrial automation
  • Implementation of temperature control systems in food safety management
  • Burgeoning growth of data centers in Asia Pacific
  • Deployment of temperature sensors in space applications
Pitfalls & Challenges:
  • High initial cost involved in advance sensors

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Surging demand for infrared sensors in the medical sector will aid in the market growth

The non-contact product segment held a market share of around 12% in 2019 and is anticipated to register around 5% gains till 2026. These sensors require convection and radiation to monitor changes in temperature. They can detect radiant energy transmitted from liquid and gas in the form of infrared radiation.
 

The infrared sensor is experiencing potential opportunities from the healthcare industry. These sensors enable accurate and non-contact temperature measurement in medical applications. These devices are used to diagnose patients suffering from severe conditions, such as infection and hypothermia, and help to deliver increased patient comfort with improved accuracy.
 

These non-contact sensors are available in small circuit packages, increasing their adoption in various health monitoring devices to measure forehead temperature, ear temperature, and skin temperature without touching the human body. This results in an increasing requirement for temperature sensors to manufacture new temperature monitoring systems to fight against the COVID-19 pandemic.
 

Non-contact screening machines enable the early detection of abnormal temperature and symptoms, increasing their adoption in offices, buildings, airports, and other commercial areas. In April 2020, ForaCare launched autonomous temperature measuring stations to fight against COVID-19, thus assisting the healthcare system. This system does not require any operator and can measure forehead temperature remotely through its non-contact technology.
 

Growing uptake of wearable fitness devices to accelerate the demand for digital output

U.S. Temperature Sensor Market

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The digital segment accounted for over 25% temperature sensor market revenue share in 2019 owing to its wide adoption in aerospace, medical, industrial automation, home automation, and test & measurement equipment. Digital sensors have several advantages over analog sensors such as high accuracy and easy to use.
 

Growing adoption of fitness wearables among people on account of rising health awareness is driving the demand for digital output sensors. These sensors that are employed under fitness trackers monitor body temperature during exercise and rest. The rising demand for wearable fitness devices will create growth opportunities for the market.
 

The multi-channel digital output segment in the market is estimated to witness 7% growth through 2026. Devices with multi-channel output use remote temperature sensor as they can accurately monitor and measure the temperature of various heat sources from a long distance. These features enable their adoption in smart homes and IoT devices, boosting the market revenue.
 

Rapid deployment of smart home services to create new market opportunities

Temperature Sensor Market

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The consumer electronics applications held a market share of 15% in 2019 and is expected at observe a growth rate of over 4% from 2020 to 2026. The growth is attributed to its wide adoption in smart home technologies in the developing nations. These sensors find usage in various devices in a smart home such as heating & cooling, ventilation, and fire detection, among others.
 

The rising adoption of smart home applications will further add a growth opportunity for the market. According to the U.S. National Council for Home Safety and Security, the smart home market in the region is expected to reach USD 40 billion by 2020, as 47% of the population is already using smart home products. This has resulted in increased product development by the market players to cater to the high demand among competitors.
 

Manufacturing sector in Asia Pacific to fuel the market growth

Asia Pacific Temperature Sensor Market

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Asia Pacific temperature sensor market is predicted to expand at over 5% CAGR during the forecast timeline led by rising manufacturing sector across the region. Also, the easy availability of raw materials and labor coupled with several initiatives taken by the government has resulted in increasing penetration of manufacturing facilities in the region, influencing the market demand.
 

Focus on new product development strategies to stay competitive in the market
 

Prominent companies in the industry include TE Connectivity, Texas Instrument, On Semiconductor, Honeywell International, Inc, ABB Group, Robert Bosch GmbH, Omega Engineering, and ABLIC Inc.
 

Market players are continuously focusing on developing application-specific products to achieve a competitive edge. For instance, in November 2019, Azbil Corporation launched a sealing temperature sensor for HVAC building automation. The sensor has a faster response time and increased accuracy, making it a prominent choice for indoor applications.
 

The market research report on temperature sensors includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and Shipments in million units from 2016 to 2026 for the following segments:

Market by Product

  • Contact
    • Temperature Sensor ICs
    • Resistive Temperature Detectors
    • Thermistors
    • Thermocouples
    • Bimetallic Temperature Sensors
  • Non-Contact
    • Infrared
    • Fiber-Optics

Market by Output

  • Analog
  • Digital
    • Single-Channel
    • Multi-Channel

Market by Application

  • Chemical
  • Oil & Gas
  • Consumer Electronics
  • Healthcare
  • Automotive
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Taiwan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • GCC
    • South Africa

 

Frequently Asked Questions (FAQ) :

Asia Pacific market is predicted to expand at over 5% CAGR during the forecast timeline led by rising manufacturing sector across the region.
The non-contact sensors are available in small circuit packages, increasing their adoption in various health monitoring devices to measure forehead temperature, ear temperature, and skin temperature without touching the human body. This results in their increasing adoption to fight against the COVID-19 pandemic.
Prominent companies in the industry include TE Connectivity, Texas Instrument, On Semiconductor, Honeywell International, Inc, ABB Group, Robert Bosch GmbH, Omega Engineering, and ABLIC Inc.
The consumer electronics applications held a market share of 15% in 2019 and is expected at observe growth of over 4% from 2020 to 2026.

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Premium Report Details

  • Published Date: Apr 2020
  • Pages: 250
  • Tables: 375
  • Charts / Figures: 34
  • Companies covered: 27
  • Countries covered: 18

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